NNPC rakes in N4.97tn in April

The Nigerian National Petroleum Company Limited has recorded a significant month-on-month surge in performance, with revenue climbing sharply to N4.97tn in April 2026, compared to N2.77tn posted in March. This represents an increase of about 79 per cent in monthly revenue, according to the company’s April 2026 operational and financial report released on Saturday. According to the report, profit after tax also rose substantially to N481bn in April, up from N276bn in March, a jump of approximately 74 per cent. Between January and April 2026, NNPC said it remitted a total of N3.71tn in statutory payments to the Federal Government. This is up from N2.89tn recorded for the first three months of the year. It was reported that crude oil and condensate production increased to 1.68 million barrels per day in April from 1.56 mbpd in March. This shows a marginal recovery in upstream output. Related News Third anniversary: Tinubu, Shettima’s 344 days abroad stir priorities debate Personal loans hit N1.96tn as consumer credit grows NNPC posts N481bn profit amid revenue surge Natural gas production remained largely stable at 7.7 billion standard cubic feet per day in April. Gas sales averaged 4.65 bscf/d, while upstream pipeline availability stood at 79 per cent. The oil form stated that it achieved a major infrastructure milestone in April with the successful crossing of the OB3 River Niger pipeline segment, advancing Nigeria’s gas infrastructure goals. Progress also continued on the Ajaokuta-Kaduna-Kano gas pipeline project. However, NNPC noted challenges, including delays in the start-up of the Trans Ramos Pipeline due to leak detection and facility integrity issues. Similarly, the NNPC Foundation reportedly sustained its strong corporate social responsibility drive in April. It commissioned three fully rehabilitated wards with 102 beds at the National Orthopaedic Hospital, Lagos, on April 29. The Foundation also said it delivered humanitarian aid to flood victims in Mokwa, Niger State, and trained 72,657 NYSC members in basic financial literacy during the month under review. Dare Olawin Dare Olawin is a journalist at Punch Newspapers with over a decade of reporting experience. He began his career as a community reporter and now covers the energy sector, including oil, gas, electricity, and renewables. Dare’s work reflects hands-on newsroom experience, professional development through workshops and conferences, and a strong commitment to accurate and insightful journalism.

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